OneWater Marine Inc. (NASDAQ:ONEW) Short Interest Update

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 1,050,000 shares, a growth of 20.6% from the April 15th total of 871,000 shares. Based on an average trading volume of 88,500 shares, the days-to-cover ratio is presently 11.9 days. Currently, 9.7% of the company's stock are sold short.

Institutional Investors Weigh In On OneWater Marine

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in OneWater Marine by 2.0% during the first quarter. Vanguard Group Inc. now owns 581,355 shares of the company's stock worth $16,365,000 after purchasing an additional 11,227 shares in the last quarter. SageView Advisory Group LLC acquired a new position in OneWater Marine during the first quarter worth $322,000. Breach Inlet Capital Management LLC acquired a new position in OneWater Marine in the 4th quarter valued at about $8,781,000. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of OneWater Marine by 1.0% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company's stock worth $13,483,000 after purchasing an additional 3,770 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in OneWater Marine by 319.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company's stock valued at $71,000 after purchasing an additional 1,597 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. DA Davidson reaffirmed a "neutral" rating and issued a $27.00 target price on shares of OneWater Marine in a research note on Friday, March 15th. Truist Financial dropped their price objective on OneWater Marine from $38.00 to $35.00 and set a "buy" rating for the company in a report on Friday, February 2nd. Stifel Nicolaus boosted their price target on shares of OneWater Marine from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, January 17th. Finally, KeyCorp lowered their price objective on OneWater Marine from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.60.

OneWater Marine Trading Down 2.6 %

Shares of ONEW traded down $0.69 during mid-day trading on Wednesday, reaching $25.91. 59,939 shares of the company's stock traded hands, compared to its average volume of 89,278. The stock's 50-day moving average is $24.78 and its two-hundred day moving average is $26.69. The stock has a market cap of $415.08 million, a P/E ratio of -4.67 and a beta of 2.55. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.21 and a quick ratio of 0.30. OneWater Marine has a 12 month low of $20.07 and a 12 month high of $39.15.

OneWater Marine Company Profile

OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina services.

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